Taxify secured a $1 billion valuation after the investment, helping it enter the ranks of Europe's unicorn companies. :
Taxify, a European competitor to Uber, has raised $175 million in a funding round led by German automaker Daimler. The Tallinn, Estonia-based start-up secured a $1 billion valuation after the investment, helping it enter the ranks of Europe's unicorn companies. Korelya Capital, a French venture capital fund, Taavet Hinrikus, the co-founder of U.K.-based money transfer start-up TransferWise, and existing investor Didi Chuxing, a Chinese ride-hailing firm, all participated in the round.